Deposit Scheme
| Interest Rate Per Annum | ||||||||
|---|---|---|---|---|---|---|---|---|
| Description | Personal | Sr.Citizen | "Co-op Soc / Cos" | |||||
| 15 Days To 180 Days | 0.15 Month To 6 Month | 4.00% | 4.00% | 3.00% | ||||
| 181 Days To 365 Days | 6.01 Month To 12 Month | 5.00% | 5.50% | 4.00% | ||||
| 366 Days To 1095 Days | 12.01 Month To 36 Month | 6.00% | 6.50% | 5.00% | ||||
| 1096 Days To 1825 Days | 36.01 Month To 60 Month | 7.00% | 7.50% | 6.00% | ||||
| 1826 Days To 3650 Days | 60.01 Month To 120 Month | 6.00% | 6.50% | 5.00% | ||||
Fixed Deposits
- Mahesh Bank provides various Term Deposit schemes at attractive interest rates. Term deposit having additional interest earning for senior citizens . Nomination facility available.
- The minimum period of deposit is 15 Days, while the maximum period of a deposit is 10 years.
- Fix Deposit (FDR) with monthly (M), quarterly (Q) and cumulative (REV) interest payable options available.
- Premature withdrawals are allowed however, at the discretion of the bank, they may allow you for foreclose of your account before the maturity period on certain conditions.
Deposit upto 5 Lakh inclusive of Interest Per Person is insured with DICGC(Deposit Insurance Credit Guarantee Corporation).
Recurring Deposit
- Recurring Deposit schemes aim at inculcating a regular habit of saving in people.
- The minimum period of deposit is 12 months, while the maximum period of a deposit is 10 years.
- The rate of interest is equivalent to that offered for a Fixed Deposit. Therefore, the interest rates are higher than Savings accounts.
- Premature withdrawals are allowed however, at the discretion of the bank, they may allow you for foreclose of your account before the maturity period on certain conditions.
- A Recurring Deposit can be funded periodically through Standing Instructions that are usually instructions given by the customer to the bank, to credit the RD account every month from his/her Savings or Current Account.
Deposit upto 5 Lakh inclusive of Interest Per Person is insured with DICGC(Deposit Insurance Credit Guarantee Corporation).
Head Office
(0253) 2314543/70
322, 3rd Floor, Sarda Sankul,M.G. Road, Nashik - 422001.
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